There would be pros/cons to it. I’m not in favor of privatizing the NWS, but fully support selling the GFS (and our publicly funded mesoscale models) to the private sector.
The for-profit business model is better suited for the research and development of technology. However, public safety (NWS forecasts and warnings) should remain public services.
A normal home weather station is never going to properly measure those winds anyway. The kind of anemometers that can actually withstand gusts > 120 mph are not cheap, and it's not like you can properly mount them at 10 meters anyway. Or the storm surge will wipe them out if they are on the beach.